1517 CAPITOL WAY S, oLYMPIA, WA 98501
Opportunity to own an 82-unit apartment building in the heart of downtown Olympia
Kidder Mathews is pleased to have the exclusive listing for the Capitol Terrace Apartments – a one-of-a-kind, trophy asset located in Olympia, WA.
Built in 1950 and offered for sale for the first time in almost 20 years, Capitol Terrace Apartments is a staple in the downtown Olympia area market since its construction. A six -story 82-unit community holding a mix of studios’ 1 and 2-bedroom homes, Capitol Terrace offers new ownership a truly unique investment opportunity with tremendous untapped income potential. Periodically updated over the past 20 years with new paint, flooring, and appliances – all 82-units could support modernized upgrades to interiors and common areas. Current rents average around $1,100 / unit making Capitol Terrace primed for a value-add program, or an affordable investor looking to preserve market affordability.
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HIGHLIGHTS
32 Studios, 38 One - Bedroom, & 12 Two - Bedroom units
14 garage & 38 onsite parking spots plus street parking
Quick freeway access to I-5
the offering
Premier offering in the heart of downtown Olympia
property information
44,210 SF
Rentable space
66,084 SF
Total Building Area
Location
73
Walk Score
Walker's paradise
85
Bike Score
Very bikeable
2 min
drive to i-5
Interested in a tour? Let’s talk.
Kidder Mathews is the largest independent commercial real estate firm in the Western U.S., with 900 real estate professionals and staff in 19 offices in Washington, Oregon, California, Idaho, Arizona, and Nevada. For more information, visit kidder.com.
